CENTRAL BANK CUTS INTEREST RATE IN FIRST EASING SINCE JANUARY
The Central Bank cut its benchmark policy rate by 100 basis points to 36% on Oct. 22, its first monetary easing since January, in line with market expectations.
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NAME DISPUTE OVER, PROVINCIAL CONGRESSES WILL TEST YENİ PARTY’S PROMISES
The Constitutional Court ended discussions about the Yeni Party’s name, but headquarters-backed candidates keep winning in the districts and provinces despite the promises to end the old CHP habit of central control.
CENTRAL BANK FX SWAP DEPENDENCY FALLS SHARPLY
The central bank’s reliance on foreign exchange swaps has dropped sharply, marking a structural improvement in the quality of the bank’s international reserves.
CONTROVERSY SURROUNDS CENTRAL BANK FX STRATEGY
Statements attributed to Central Bank Governor Fatih Karahan during IMF and World Bank meetings in Bangkok sparked debate over foreign exchange policy, prompting a direct denial from a top market economist who attended the session.
WITH INFLATION AT 5-YEAR LOW, MARKETS EYE MODEST RATE CUT
For the first time in nearly five years, Turkey’s annual inflation rate slipped below 30%, giving the central bank room to consider easing monetary policy at its meeting on Oct. 22.
NEW PROBE TARGETS FOOTBALL REFEREES
A judicial investigation has spread to top-tier football referees, leading to the detention of Central Referee Committee (MHK) Chair Ferhat Gündoğdu and six other officials.
FUND CRISIS HAMMERS MARKETS, SPARKS INTERVENTION
The central bank and other regulator bodies stepped in to stabilize financial markets after alleged market manipulation, fraud and fund mismanagement sparked a major equity sell-off and corporate defaults.
CENTRAL BANK HOLDS MAIN INTEREST RATE AT 37% AS EXPECTED
Turkey's central bank held its benchmark interest rate steady on Sept. 10, matching market expectations as energy cost pressures continue to pose risks to the inflation outlook.
NEIGHBORS SAY FORMER CENTRAL BANKER MAKES BODRUM LIFE MISERABLE
Hafize Gaye Erkan, who served for less than a year as Turkey’s first woman central bank governor, is under legal attack from neighbors in a luxury Bodrum resort who say she has made their lives unbearable.
URGENT EXPROPRIATION ORDER FOR MASSIVE RARE EARTH DEPOSITS
The government has ordered the urgent expropriation of nearly 2.6 million square meters of land in the central province of Eskişehir to accelerate mining and build processing facilities for rare earth elements.
CENTRAL BANK RESUMES REPO AUCTIONS, DE FACTO RATE CUT
The central bank has resumed one-week repo auctions after a nearly six-month pause, an operational shift that effectively lowers market funding costs and paves the way for official policy rate cuts.
CENTRAL BANK RAISES YEAR-END INFLATION FORECAST TO 28 PERCENT
The central bank has raised its year-end inflation forecast for 2026 to 28 percent from 26 percent.